TASE -- the Week in Review: November 8-12

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Thu Nov 12, 2009 11:30am EST

TEL AVIV, Israel--(Business Wire)--
After two weeks of descending prices and profit-taking, during the second week
of November the Tel-Aviv Stock Exchange (TASE) rose in all leading indices, in
keeping with the positive trend in international financial markets. 

The TA-25 index, which increased 3% over the week, completed a cumulative
year-to-date surge of 61%. The TA-75 index gained 4%, bringing its cumulative
year-to-date return to 139%. This stellar performance can be attributed to the
sharp increase in prices earlier this year of shares involved in the discovery
of gas on two sites off Israel`s Mediterranean shore. 

Leading risers this week were in the major finance companies advancing 5%, while
the large real estate and hi-tech companies share prices rose only by 1.5%-2%. 

An interested party shareholder completed this week the selling of 18% of
"Bezeq", a telecommunications company (whose shares are included in the TA-25
index), to institutional investors at the sum of US $1 billion was completed
this week. 

The Israeli treasury raised an additional US $290 million this week in local
government bond issues. The government raised about US $15.7 billion since the
beginning of the year, a sum slightly higher than the amount raised during the
entire year of 2008. 

About TASE:

Established in September 1935, the Tel-Aviv Stock Exchange is Israel`s sole
stock exchange, offering an increasingly sophisticated range of products to
investors, including equity, corporate bonds, treasury bills and notes, index
products and derivatives. The Tel-Aviv Stock Exchange features 627 companies
listing equities, 345 index-tracking products, 37 series of government bonds,
578 series of corporate bonds and 1136 mutual funds. As of September 2009, the
exchange`s market capitalization in equities was over US$200 billion. In recent
years, the exchange has enhanced its international presence, signing Memorandums
of Understanding with the London Stock Exchange, NASDAQ, the Shanghai Stock
Exchange and NYSE-Euronext. 

Visit the Tel-Aviv Stock Exchange's Website www.tase.co.il

Grayling
Alistair Scott or Jonathan Shillington, 020-7255-1100
or
TASE
Idit Yaaron or Orna Goren, 972-3-5677564/405 

Copyright Business Wire 2009

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